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Share Market Advice in India

Share markets recovered sharply from their day’s low to settle slightly higher on Monday led by a rise in the banking and Oil marketing company stocks. The BSE Sensex ended at 34,474, up 97 points, while the NSE Nifty50 index settled at 10,348, up 32 points.

HPCL, Yes Bank, IOC, Reliance Industries, and Hero Motor Corp were among top gainers on the NSE, while Vedanta, Hindalco, Tech Mahindra and Najaj Finance were the top losers.

On sectoral watch, energy stocks, banks, and auto were the top gainers, while metals, pharma and FMCG names were the big laggards.

The Nifty Bank index settled 0.7% higher, led by a rise in YES Bank and SBI. Conversely, Nifty IT index fell 1.8% led by fall in Tata Elxsi, TCS and Infosys.

Shares of oil marketing companies rose today, after registering heavy sell-off in the last two days. Reliance Industries rose 5.5% to Rs 1,108, while HPCL rose over 8% to Rs 178.